Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

We have Mr. Kevin Cardiff's statement, which we have received. He has to say, as yourself, that the Taoiseach and Minister for Finance left the room at some point. You might just explain when they left the room? And you added into your own statement that the Minister for Finance, when both the Taoiseach and the Minister came out and said they are going with the blanket guarantee, he did not in any way show any disagreement. Yet, we have Mr. Cardiff saying:

the Minister [for Finance] told me some time later that during a pause in the meeting, when he and the Taoiseach had left the room to speak privately, he agreed with the Taoiseach to follow the broad guarantee approach. He did not use the word 'overruled' but rather indicated he thought it important that he and the Taoiseach presented a common political position.

Now, what view did the Minister for Finance express to you in terms of his view on the nationalisation of Anglo and Irish Nationwide?

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